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December 1, 2015
KFMA Newsletters
As I write this, there are piles of grain on the ground in many areas of the state, market prices for grain below the cost of
production, uncertainty in the tax laws as we plan for the end of the year, reduced working capital and eroding debt
repayment capacity for many farms... all part of the current agriculture management environment. These are also
reminders to each of us of the importance of careful planning and consideration as management decisions are made.
Those of us working within the KFMA program and in the Agricultural Economics Department greatly appreciate the
efforts of those working on the farms and ranches of Kansas. We are thankful for the opportunity to provide farm
management information to farm decision makers through this newsletter and through delivery of the KFMA Program.
The KFMA motto is “Building Strong Relationships…Producing Excellence” and we desire to use this newsletter as a way
of building our relationship with you and to provide you with information that helps you achieve excellence. The KFMA
E‐Newsletter is sent quarterly throughout the year. This issue provides information on farm profitability, measuring
financial health, and the importance of understanding your farm’s current financial position and debt repayment ability.
Finally, we provide you with some guidance toward year‐end tax planning and management.
Further information can be found on the extension agricultural economics website at www.agmanager.info and the
KFMA website at www.agmanager.info/kfma. I would welcome any comments that you feel will be helpful for the KFMA
program to excel in our work with the farm families of Kansas as we seek to help you know your numbers, use your
numbers, and reach your goals. Till next time…
Kevin
…
January 1, 2011
GIPSA's Proposed Rules (Release No. 0326.10)
Professional Cattle Feeding and Marketing Shortcourse
Overview of … I’m not a lawyer & am free-market
oriented…
• I think … of
labor to livestock or crop enterprises)…
Existing …
April 17, 2020
Recent Videos
Interest rates and the stock market
Going forward with COVID-19◦Who … $(20,000)
$30,000
$80,000
$130,000
$180,000
Retu
rns o
ver T
otal
Cos
ts
Net Farm Income Per Operator
Dryland Crop
Agricultural Economics
Demand … lower supply of land on the market◦ Could also be a function …
January 1, 2014
Levels
PRODUCTION: I II III
Lamb crop 120% 140% 160%
Culling … Flock Rations (140% Lamb Crop—21% Retention Rate)1
Native … 11. Marketing costs …
February 2, 2024
Recent Videos
Will a Farm Bill be passed in an election year? Will there be another extension?
• Crop Insurance is permanently authorized, as is SNAP (food assistance)
Where we are at today…
Current issues
• … 2018 10‐year baseline was $867 billion
Preliminary Farm Bill “Baseline”
Congressional budgeting rules play an important role in the Farm Bill process
~84% is nutrition spending; some years nutrition debate causes delays
Comparing Base Acres to Planted Acres
Base acres from national FSA database, planted acres based on 2023 NASS surveysIn 2023, there were roughly 800,000 more planted acres of program crops than base acres
2018 Farm Bill Timeline
Election Period …
Breakout Sessions
… Peering into what the future might look like—
hypothetical scenarios of the future land
market
• Concluding discussion
U. S. Economy
• … Banks lending at fastest pace since financial
crisis (easing standards) WSJ Aug 12, 2014
• Labor market improving Reuters Aug 12, 2014
– …
December 14, 2017
0.85$
Milk Marketing & Hauling 104.00$ … By clicking the dropdown menu at the top of the budget, a
user can select "Current Prices", "One Year Out Prices", or "Five Year Out
Prices". All price assumptions can be viewed in the Prices tab and be
adjusted according to the user's own expectations and local market
conditions. Only default milk, cattle, and feed prices differ when looking
at different …
February 1, 2008
Water Policy
Assumptions on Irrigated Crop Production … 4
1. Crop Mix … Assumptions on Nonirrigated Crop Production …
June 5, 2015
Dairy
and Management Charge
Milk Marketing & Hauling $110.00 0.47826086956521735 Average … hour x 10.5 hours = 262.5 1.1413043478260869
Milk Marketing & Hauling 114 0.4956521739130435 Average … Labor 831.49 679.49 304 152 0.81719563674848761 0.18280436325151239
Livestock Breeding/Marketing 87.87 68.37 $39.00 19.5 0.77808125640150227 0.22191874359849773
Dairy …
Other Material
and Management Charge
Milk Marketing & Hauling $114.00 0.48510638297872338 Average … hour x 10.5 hours = 262.5 1.1170212765957448
Milk Marketing & Hauling $114.00 0.48510638297872338 Average … Labor 831.49 679.49 304 152 0.81719563674848761 0.18280436325151239
Livestock Breeding/Marketing 87.87 68.37 $39.00 19.5 0.77808125640150227 0.22191874359849773
Dairy …